Electric Bicycle Co. Shuts Down: What It Says About the E-Bike Industry
The Electric Bicycle Company (EBC), a California-based builder of custom e-bikes, has filed for Chapter 7 bankruptcy and is closing its doors for good.According to Bicycle Retailer and Industry News, EBC reported liabilities of $6.1 million against assets of $953,000. The liquidation marks a sad end for one of the few U.S. companies assembling e-bikes…